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  1. Home
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  3. Foreclosure / Sheriff Sales

NOTICE OF SALE UNDER POWER   STATE OF GEORGIA COUNTY OF CHATHAM   Under and by virtue of the power of sale contained in that certain Deed to Secure Debt, Security Agreement and Assignment of Leases and Rents, given by Borrower in favor of Velocity Commercial Capital, LLC (“Original Lender”) dated August 28, 2025, recorded September 3, 2025 at Deed Book 3764, Page 585, Chatham County, Georgia records; as assigned to U.S. Bank Trust Company, National Association, as Trustee for Velocity Commercial Capital Loan Trust 2025-P2 (“Lender”) by virtue of that certain Assignment of Deed to Secure Debt, Security Agreement and Assignment of Leases and Rents, recorded December 15, 2025, at Deed Book 3856, Page 433, aforesaid, Georgia records (the “Security Deed”); securing that certain Term Note, dated August 28, 2025 in the original principal amount of $325,000.00 (the “Note”); there will be sold at public outcry by Lender as attorney-in-fact of Grantor to the highest bidder for cash between the legal hours for sale before the Courthouse door or any other officially designated area for such foreclosure sales in Chatham County, Georgia, on the first Tuesday, in June, 2026, the following described property (the “Premises”) to wit: ALL T ALL THAT CERTAIN LOT, TRACT OR PARCEL OF LAND SITUATE, LYING AND BEING IN THE CITY OF SAVANNAH, CHATHAM COUNTY, GEORGIA, KNOWN AND DISTINGUISHED UPON THE MAP OR PLAN OF SAID CITY AS LOT NUMBER SIX (6), WARING WARD, HAVING A FRONTAGE OF THIRTY (30) FEET ON PARK AVENUE AND A RECTANGULAR DEPTH OF ONE HUNDRED FIVE (105) FEET, MORE OR LESS, BOUNDED ON THE NORTH BY PARK AVENUE, ON THE EAST BY LOT NUMBER FIVE (5), OF SAID WARD, ON THE SOUTH BY A LANE AND ON THE WEST BY LOT NUMBER SEVEN (7) OF SAID WARD. IMPROVEMENTS THEREON ARE KNOWN AS 533 EAST PARK AVENUE, SAVANNAH, GEORGIA, WITH A PROPERTY TAX IDENTIFICATION OF # 2-0043-17-024. BEING THE SAME PROPERTY CONVEYED TO THE GRANTOR BY THE DEED OF JOSEPHINE S. MILLER, DATED SEPTEMBER 9, 2021, PREVIOUSLY REFERENCED AS FOLLOWS: BOOK/NUMBER 2527, PAGE 251 OF THE RECORDER OF CHATHAM COUNTY. Parcel ID: 2-0043-17-024 FURTHER LESS AND EXCEPT that property, if any, released of record. The indebtedness evidenced by the Note is due and payable and remains unpaid. The Security Deed therefore has become and is now foreclosable according to its terms. Accordingly, the Premises will be sold at public outcry pursuant to the terms of the power of sale provided in the Security Deed. The Premises will be sold on an “as is, where is” basis without recourse against Lender and without representation or warranty of any kind or nature whatsoever by Lender with respect thereto. The proceeds of the sale are to be applied first to the expenses of the sale and all proceedings in connection therewith, including attorneys’ fees (notice of intention to collect attorneys’ fees having been given), then to the payment of all sums secured by the Security Deed, and the remainder, if any, will be paid to the person or persons legally entitled thereto, all as provided in the Note and Security Deed. The Premises shall be sold as the property of Grantor, subject to all restrictions, easements and other matters of record that are prior to the Security Deed and to which the Security Deed is subject and to any unpaid city, county and state ad valorem taxes or assessments relating to the Premises. ATTENTION ALL PROSPECTIVE BIDDERS: On March 1, 2026, the data collection and reporting requirements under the U.S. Financial Crimes Enforcement Network (FinCEN) new Anti-Money Laundering Rule (the “Rule”), found at 89 FR 70258, will go into effect. The Rule applies to certain residential real estate sale transactions (including nonjudicial foreclosures) where the transfer is to a legal entity or trust, and which includes cash purchases, private financing or financing provided by an institution not subject to a federal Anti-Money Laundering or Suspicious Activity Report requirement. As part of this Rule, purchasers and sellers are required to provide additional information and documentation about themselves, their legal entities, and/or the source of funds used in the reportable transaction. The collection of this information and documentation is required to comply with the Rule’s federal reporting requirements. This notice is provided for informational purposes only and does not constitute legal advice. You are encouraged to consult with your own independent legal counsel if you have questions about how the FinCEN Anti-Money Laundering Rule affects your transaction and whether your transaction is reportable. The entity that has full authority to negotiate, amend, and modify all terms of the Note with the Borrower is: Velocity Commercial Capital, LLC, as agent for Lender, Steven Tran, 2945 Townsgate Road, Ste. 110, Westlake Village, CA 91361; (818) 483-2476, stran@velocitycommercial.com. Please understand that the secured creditor is not required by law to negotiate, amend, or modify the terms of the Deed instrument. To the best knowledge and belief of the undersigned, the party in possession of the Premises is Grantor, JSM Properties, LLC, or a tenant or tenants and said property is more commonly known as 533 East Park Avenue, Savannah, GA, 31401-6516.   U.S. Bank Trust Company, National Association, as Trustee for Velocity Commercial Capital Loan Trust 2025-P2 as Attorney-in-Fact for JSM Properties, LLC   Greg Krivo McCalla Raymer Leibert, Pierce, LLP 1544 Old Alabama Road Roswell, Georgia 30076 (678) 281-6508 Greg.Krivo@mccalla.com 26-22395GA
Post Date: 05/07 12:00 AM
Refcode: #12280226 
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